SHARE
Voice Biometrics Market

Voice Biometrics Market Forecasts to 2028 – Global Analysis By Technology (Artificial Intelligence-Based, Non AI Based), Application (Access Security, Payments), End User (Military, Education) and By Geography

4.0 (87 reviews)
Published: July 2021 ID: SMRC20760
4.0 (87 reviews)
Published: July 2021 ID: SMRC20760

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Voice Biometrics Market is accounted for $1.10 billion in 2020 and is expected to reach $4.99 billion by 2028 growing at a CAGR of 20.8% during the forecast period. Factors such as rising threat to security, growing demand for voice authentication, and growing need to reduce authentication costs are driving the growth of the market. However, high cost and privacy concerns are hampering the growth of the market.

Biometrics technology supports to recognize and validate the identity of an individual through physiological or behavioral uniqueness. The voice biometrics technology recognizes a person without any physical contact through the help of the system. This is done by comparing the recorded voice of the person with previously stored data in the system of the same person. Various voice recorders are utilized for this purpose.

Based on the end user, the healthcare and life sciences segment is anticipated to expand at a rapid pace during the forecast period as voice biometrics offers enhanced security with fewer false rejections, and has a simple sign up process that doesn’t require strenuous effort. By geography, North America is going to have high growth during the forecast period which can be attributed to the strong focus on research and development for technological advances and implementation of the same.

Some of the key players profiled in the Voice Biometrics Market include Voice Biometrics Group, Nuance Communications Inc, LexisNexis Risk Solutions Inc, Pindrop Security Inc, Auraya Systems Pty. Ltd, NICE Ltd, One Vault SA, VoicePIN.com Sp. z o.o., Verint Systems Inc, Uniphore Software Systems Pvt. Ltd, Aimbrain Solutions Ltd, Phonexia Ltd, Lumen Vox LLC (Voice Trust GmBH), Aculab Inc, and SESTEK.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.10 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

20.8%

Predicted 2028 Value:

USD 4.99 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

345

Chapters Covered:

Component, Deployment Mode, Organization Size, Authentication Process, Type, Technology, Application, End User and Region

Core Drivers and Opportunities:

  • Rising threat to security
  • Growing demand for voice authentication
  • Increasing adoption of advanced technologies

Restraining Factors & Market Threats:

  • Privacy concerns
  • Lack of accuracy in authenticating users


Components Covered:
• Hardware
• Solutions
• Services

Deployment Modes Covered:
• Cloud
• On-Premises   

Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SME's)
• Large Enterprises 

Authentication Processes Covered:
• Automated Interactive Voice Response (IVR)
• Mobile Applications
• Employee Authentication
• Agent-Assisted

Types Covered:
• Active Voice Biometrics
• Passive Voice Biometrics

Technologies Covered:
• Artificial Intelligence-Based
• Non-Artificial Intelligence Based

Applications Covered:
• Forensic Voice Analysis and Criminal Investigation
• Workforce Management
• Risk and Emergency Management
• Access Security
• Payments
• Other Applications

End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Government
• Military and Defense
• IT and Telecom
• Energy and Utilities
• Retail and E-Commerce
• Automotive
• Travel and Hospitality
• Healthcare and Life Sciences
• Transportation and Logistics
• Enterprise
• Consumer Electronics & Mobile Devices
• Manufacturing
• Media and Entertainment
• Education

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Voice Biometrics Market is majorly driven by rising threat to security, growing demand for voice authentication, and growing need to reduce authentication costs.

The healthcare and life sciences segment is growing at a highest CAGR as voice biometrics offers enhanced security with fewer false rejections.

North America dominated with a significant market share due to the strong focus on research and development for technological advancements and implementation of the same.

Asia Pacific market is growing at a highest CAGR owing to the rising need for preventing criminal activities in the region.

Key players in Voice Biometrics Market include Voice Biometrics Group, Nuance Communications Inc, LexisNexis Risk Solutions Inc, Pindrop Security Inc, Auraya Systems Pty. Ltd, NICE Ltd, One Vault SA, VoicePIN.com Sp. z o.o., Verint Systems Inc, Uniphore Software Systems Pvt. Ltd, Aimbrain Solutions Ltd, Phonexia Ltd, Lumen Vox LLC (Voice Trust GmBH), Aculab Inc, and SESTEK.

1 Executive Summary     
       
2 Preface      

 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 End User Analysis    
 3.9 Emerging Markets    
 3.10 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Voice Biometrics Market, By Component  
 5.1 Introduction    
 5.2 Hardware     
 5.3 Solutions     
  5.3.1 Software    
  5.3.2 Platform    
 5.4 Services     
  5.4.1 Managed Services   
  5.4.2 Professional Services   
   5.4.2.1 System Integration and  Implementation
   5.4.2.2 Training and Education 
   5.4.2.3 Consulting  
   5.4.2.4 Support and Maintenance 
       
6 Global Voice Biometrics Market, By Deployment Mode 
 6.1 Introduction    
 6.2 Cloud     
 6.3 On-Premises    
       
7 Global Voice Biometrics Market, By Organization Size 
 7.1 Introduction    
 7.2 Small and Medium-Sized Enterprises (SME's) 
 7.3 Large Enterprises    
       
8 Global Voice Biometrics Market, By Authentication Process 
 8.1 Introduction    
 8.2 Automated Interactive Voice Response (IVR) 
 8.3 Mobile Applications    
 8.4 Employee Authentication   
 8.5 Agent-Assisted    
       
9 Global Voice Biometrics Market, By Type   
 9.1 Introduction    
 9.2 Active Voice Biometrics   
 9.3 Passive Voice Biometrics   
       
10 Global Voice Biometrics Market, By Technology  
 10.1 Introduction    
 10.2 Artificial Intelligence-Based   
 10.3 Non-Artificial Intelligence Based  
       
11 Global Voice Biometrics Market, By Application  
 11.1 Introduction    
 11.2 Forensic Voice Analysis and Criminal Investigation 
 11.3 Workforce Management   
 11.4 Risk and Emergency Management  
 11.5 Access Security    
  11.5.1 Authentication and Customer Verification 
  11.5.2 Fraud Detection and Prevention  
 11.6 Payments     
  11.6.1 Transaction Processing  
  11.6.2 Speech Enabled Password Reset  
 11.7 Other Applications    
  11.7.1 Vocal Passphrase   
  11.7.2 Speech Therapy   
  11.7.3 Personalized User Experience  
       
12 Global Voice Biometrics Market, By End User  
 12.1 Introduction    
 12.2 Banking, Financial Services and Insurance (BFSI) 
 12.3 Government    
 12.4 Military and Defense    
 12.5 IT and Telecom    
 12.6 Energy and Utilities    
 12.7 Retail and E-Commerce   
 12.8 Automotive    
 12.9 Travel and Hospitality   
 12.10 Healthcare and Life Sciences   
 12.11 Transportation and Logistics   
 12.12 Enterprise    
 12.13 Consumer Electronics & Mobile Devices  
 12.14 Manufacturing    
 12.15 Media and Entertainment   
 12.16 Education     
       
13 Global Voice Biometrics Market, By Geography  
 13.1 Introduction    
 13.2 North America    
  13.2.1 US    
  13.2.2 Canada    
  13.2.3 Mexico    
 13.3 Europe     
  13.3.1 Germany    
  13.3.2 UK    
  13.3.3 Italy    
  13.3.4 France    
  13.3.5 Spain    
  13.3.6 Rest of Europe   
 13.4 Asia Pacific    
  13.4.1 Japan    
  13.4.2 China    
  13.4.3 India    
  13.4.4 Australia    
  13.4.5 New Zealand   
  13.4.6 South Korea   
  13.4.7 Rest of Asia Pacific   
 13.5 South America    
  13.5.1 Argentina     
  13.5.2 Brazil    
  13.5.3 Chile    
  13.5.4 Rest of South America  
 13.6 Middle East & Africa    
  13.6.1 Saudi Arabia   
  13.6.2 UAE    
  13.6.3 Qatar    
  13.6.4 South Africa   
  13.6.5 Rest of Middle East & Africa  
       
14 Key Developments     
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
 14.2 Acquisitions & Mergers   
 14.3 New Product Launch    
 14.4 Expansions    
 14.5 Other Key Strategies    
       
15 Company Profiling     
 15.1 Voice Biometrics Group   
 15.2 Nuance Communications Inc   
 15.3 LexisNexis Risk Solutions Inc   
 15.4 Pindrop Security Inc    
 15.5 Auraya Systems Pty. Ltd   
 15.6 NICE Ltd     
 15.7 One Vault SA    
 15.8 VoicePIN.com Sp. z o.o.   
 15.9 Verint Systems Inc    
 15.10 Uniphore Software Systems Pvt. Ltd  
 15.11 Aimbrain Solutions Ltd   
 15.12 Phonexia Ltd    
 15.13 Lumen Vox LLC (Voice Trust GmBH)  
 15.14 Aculab Inc    
 15.15 SESTEK     


List of Tables      
1 Global Voice Biometrics Market Outlook, By Region (2019-2028) ($MN)
2 Global Voice Biometrics Market Outlook, By Component (2019-2028) ($MN)
3 Global Voice Biometrics Market Outlook, By Hardware (2019-2028) ($MN)
4 Global Voice Biometrics Market Outlook, By Solutions (2019-2028) ($MN)
5 Global Voice Biometrics Market Outlook, By Software (2019-2028) ($MN)
6 Global Voice Biometrics Market Outlook, By Platform (2019-2028) ($MN)
7 Global Voice Biometrics Market Outlook, By Services (2019-2028) ($MN)
8 Global Voice Biometrics Market Outlook, By Managed Services (2019-2028) ($MN)
9 Global Voice Biometrics Market Outlook, By Professional Services (2019-2028) ($MN)
10 Global Voice Biometrics Market Outlook, By Deployment Mode (2019-2028) ($MN)
11 Global Voice Biometrics Market Outlook, By Cloud (2019-2028) ($MN)
12 Global Voice Biometrics Market Outlook, By On-Premises (2019-2028) ($MN)
13 Global Voice Biometrics Market Outlook, By Organization Size (2019-2028) ($MN)
14 Global Voice Biometrics Market Outlook, By Small and Medium-Sized Enterprises (SME's) (2019-2028) ($MN)
15 Global Voice Biometrics Market Outlook, By Large Enterprises (2019-2028) ($MN)
16 Global Voice Biometrics Market Outlook, By Authentication Process (2019-2028) ($MN)
17 Global Voice Biometrics Market Outlook, By Automated Interactive Voice Response (IVR) (2019-2028) ($MN)
18 Global Voice Biometrics Market Outlook, By Mobile Applications (2019-2028) ($MN)
19 Global Voice Biometrics Market Outlook, By Employee Authentication (2019-2028) ($MN)
20 Global Voice Biometrics Market Outlook, By Agent-Assisted (2019-2028) ($MN)
21 Global Voice Biometrics Market Outlook, By Type (2019-2028) ($MN)
22 Global Voice Biometrics Market Outlook, By Active Voice Biometrics (2019-2028) ($MN)
23 Global Voice Biometrics Market Outlook, By Passive Voice Biometrics (2019-2028) ($MN)
24 Global Voice Biometrics Market Outlook, By Technology (2019-2028) ($MN)
25 Global Voice Biometrics Market Outlook, By Artificial Intelligence-Based (2019-2028) ($MN)
26 Global Voice Biometrics Market Outlook, By Non-Artificial Intelligence Based (2019-2028) ($MN)
27 Global Voice Biometrics Market Outlook, By Application (2019-2028) ($MN)
28 Global Voice Biometrics Market Outlook, By Forensic Voice Analysis and Criminal Investigation (2019-2028) ($MN)
29 Global Voice Biometrics Market Outlook, By Workforce Management (2019-2028) ($MN)
30 Global Voice Biometrics Market Outlook, By Risk and Emergency Management (2019-2028) ($MN)
31 Global Voice Biometrics Market Outlook, By Access Security (2019-2028) ($MN)
32 Global Voice Biometrics Market Outlook, By Authentication and Customer Verification (2019-2028) ($MN)
33 Global Voice Biometrics Market Outlook, By Fraud Detection and Prevention (2019-2028) ($MN)
34 Global Voice Biometrics Market Outlook, By Payments (2019-2028) ($MN)
35 Global Voice Biometrics Market Outlook, By Transaction Processing (2019-2028) ($MN)
36 Global Voice Biometrics Market Outlook, By Speech Enabled Password Reset (2019-2028) ($MN)
37 Global Voice Biometrics Market Outlook, By Other Applications (2019-2028) ($MN)
38 Global Voice Biometrics Market Outlook, By Vocal Passphrase (2019-2028) ($MN)
39 Global Voice Biometrics Market Outlook, By Speech Therapy (2019-2028) ($MN)
40 Global Voice Biometrics Market Outlook, By Personalized User Experience (2019-2028) ($MN)
41 Global Voice Biometrics Market Outlook, By End User (2019-2028) ($MN)
42 Global Voice Biometrics Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) ($MN)
43 Global Voice Biometrics Market Outlook, By Government (2019-2028) ($MN)
44 Global Voice Biometrics Market Outlook, By Military and Defense (2019-2028) ($MN)
45 Global Voice Biometrics Market Outlook, By IT and Telecom (2019-2028) ($MN)
46 Global Voice Biometrics Market Outlook, By Energy and Utilities (2019-2028) ($MN)
47 Global Voice Biometrics Market Outlook, By Retail and E-Commerce (2019-2028) ($MN)
48 Global Voice Biometrics Market Outlook, By Automotive (2019-2028) ($MN)
49 Global Voice Biometrics Market Outlook, By Travel and Hospitality (2019-2028) ($MN)
50 Global Voice Biometrics Market Outlook, By Healthcare and Life Sciences (2019-2028) ($MN)
51 Global Voice Biometrics Market Outlook, By Transportation and Logistics (2019-2028) ($MN)
52 Global Voice Biometrics Market Outlook, By Enterprise (2019-2028) ($MN)
53 Global Voice Biometrics Market Outlook, By Consumer Electronics & Mobile Devices (2019-2028) ($MN)
54 Global Voice Biometrics Market Outlook, By Manufacturing (2019-2028) ($MN)
55 Global Voice Biometrics Market Outlook, By Media and Entertainment (2019-2028) ($MN)
56 Global Voice Biometrics Market Outlook, By Education (2019-2028) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials